For the last few years it’s been very difficult to finance a portfolio of residential investment property. Banks are very reluctant to fund an investor who has more than four mortgages. This program solves that challenge, allows you to utilize a blanket loan to pull cash out of your equity, consolidate payments and lower your rates to hold rental property for better cash flow.

Here are some highlights of the blanket loan program:

+ Cash out refi allowed, no limit on amount
+ No limit on properties owned

+ Fund as few as 2 properties

+ No seasoning required
+ Residential or Commercial properties
+ Rates 4.99% to 8.80% fixed
+ Amortized 15 to 30 yrs
+ Points are on a case by case basis depending on loan size and credit
+ Term 5 to 30 yrs
+ 600 min credit score, lower on a case by case basis
+ Personal income and debt ratios are not considered
+ $100K min loan amount, no max
+ Up to 75% LTV
+ May be used to purchase a portfolio or refinance
+ Non Recourse available
+ Some are assumable
+ Foreign Nationals accepted

*Please note that we are now able to fund blanket loans as small as $200K with min property values of $35K. The rate is higher in this program but is amortized over 30 years. Contact Tom Lowry for more info at 216.470.2657.

We’re funding fix and flips up to 70% ARV in most states. Depending on the strength of the file, we are funding most of the purchase and rehab costs. 10% to 15% down is possible and varies based on location. Terms are 6 13 months, 7 to 14% rates, and 2.5 to 4 points. Min loan amount is $75K. Lower loan amounts on a case by case basis. Eligible property types are 1 to 4 unit residential and Condos. There is no pre-pay penalty and the more experience you have the better rate you may obtain.

Credit may or may not be an issue but we do need a credit report, which the borrower may supply to us. We will provide you with the specific application pertinent to your scenario.

The following items are also required:
+ Purchase agreement and listing info if applicable
+ Pictures
+ Scope of rehab needed
+ Comps
+ Credit report within the last 30 days

Please contact us at commercialloanprovider@gmail.com if you wish us to review a project or apply.